Although embezzlement is not as commonly known as other crimes, it can carry the same severe penalties. Embezzlement is a type of theft in which the person who steals property in which another person entrusted them with, intending some sort of personal gain. A common example of embezzlement is when a person entrusted with a company’s funds hides records in order to steal money for themselves. Individuals charged with embezzlement can find themselves facing hefty fines and jail time among other legal consequences.
Penalties for Embezzlement
In most states, including California, the charges for embezzlement can change based on the value of the property stolen. Charges for embezzlement in California include:
- If the property is valued at less than $50: If a person has no prior theft convictions, they may have to pay a fine of up to $250.
- If the property is valued at less than $950: This is classified as petty theft and a misdemeanor. A person may face up to 6 months in jail and a fine of up to $1000.
- If the property is valued at more than $950: Known as grand theft, people convicted on this can face up to 3 years in jail and a felony conviction.
Although these are the general sentences for embezzlement, the charges can be increased if certain aggravating factors are met. Not only does embezzlement carry these consequences, but can affect a person’s life long after their sentence is served. A person convicted of embezzlement can find that finding a future job or applying for a loan is impossible, making these charges something an individual should not take lightly or handle without the assistance of a professional attorney.